Verizon Wireless Seeks
To Buy Spectrum Licenses

Verizon Wireless is in discussions with NextWave Telecom Inc. about buying its radio-wave spectrum licenses for roughly $3 billion, according to people familiar with the talks.

The two sides have been in on-and-off discussions about such a transaction for months. In July, Verizon Wireless said it would pay $930 million to NextWave for a license in New York City. NextWave's other spectrum holdings include licenses in Detroit, Seattle,...